positive sentiment


Most SE Asia stocks track Wall Street higher, Singapore hits one-month high

SINGAPORE, April 18 — Most South-east Asian shares rose in line with broader Asia today after upbeat corporate earnings on Wall Street boosted investor confidence. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.4 per cent…

Bursa Malaysia opens higher in early trade

KUALA LUMPUR, April 16 ― Bursa Malaysia opened slightly higher this morning on a cautious note following concerns over heightened geopolitical tensions in Syria after the local mart recorded an easier trading last week. However, the positive…

Wall Street jumps on earnings optimism, Syria worries ebb

NEW YORK, April 12 — Wall Street stocks bounced higher today as expectations that lower US taxes would fuel corporate earnings added to easing of nerves over US military conflict with Russia in Syria. Growth stocks including technology,…

Bursa higher on positive sentiments

KUALA LUMPUR, April 11 — Bursa Malaysia extended gains from yesterday to open higher this morning, thanks to the buoyant market sentiment. At 9.06 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 3.38 points better at 1,864.36 from…

Press Metal jumps 6.16% on positive technicals

corporatenews10 feb2017

KUALA LUMPUR (April 10): Press Metal Aluminium Holdings Bhd rose 6.16% early this morning, following a positive technical outlook on the stock. At 9.02am, Press Metal jumped 27 sen to RM4.65 with 535,300 shares done. RHB Retail Research said Press Metal may rebound higher after it continued holding above the RM3.80 support. In a trading stocks note today, the research house said as it has formed a long white candle and recorded the highest close in more than a week, the positive sentiment has been enhanced. “A bullish bias mayRead More

China March factory growth stronger than expected, official PMI shows

BEIJING, March 31 — Growth in China’s manufacturing sector picked up more than expected in March as authorities lifted winter industrial pollution restrictions and steel mills cranked up production as construction activity swings back into…

Latest indices underpinned by increasingly broad-based business confidence

KUCHING: The second quarter (2Q)-3Q 2018 RAM Business Confidence Index (RAM BCI) – the second survey this year – remained positive, suggesting that Malaysia’s economic momentum remains on track. The corporate and small and medium enterprise (SME) indices improved to a respective 56.8 and 52.5, underpinned by increasingly more broad-based positive sentiment across all the […]

Fabrication of market news to be investigated, says Bursa


KUALA LUMPUR (March 28): Bursa Malaysia Bhd has cautioned that it will get to the bottom of listed companies that are found submitting fabricated information as public announcements. Speaking to reporters after Bursa’s annual general meeting and extraordinary general meeting here today, its chief executive officer Datuk Seri Tajuddin Atan said companies found falsifying information especially to spur share price movements will be seriously investigated. “Market integrity is very important to us. We will investigate if [companies] create or announce something to us that is not right, not true, orRead More

Power Root jumps 10.08% on positive technicals


KUALA LUMPUR (March 27): Power Root Bhd jumped 10.08% in the morning session today, following a positive technical outlook on the stock. At 12.28am, Power Root rose 13 sen to RM1.42, with 1.22 million shares done. RHB Retail Research said Power Root Bhd may move higher, after it tested RM1.15 support in its recent trades. In a trading stocks note today, the research house said given it has formed a positive candle for the second consecutive day, the positive sentiment has been enhanced. “A bullish bias may appear above theRead More

Ringgit leads Asian rise on ‘no-surprise’ Fed, gains capped by trade war fears

SINGAPORE, March 22 — The ringgit led gains as Asian currencies rose against the dollar after the Fed’s rate hike decision came in as expected, although resurgent fears of a global trade war weighed on positive sentiment. The US central bank…